The $165 million needed for the extension of the ‘5 November’ power station in El Salvador will come from the BCIE ($57.5 million), the German bank KFW ($57.5 million) and the European Union ($ 7.5 million).

For its part, the Executive Hydroelectric Commission of Rio Lempa (CEL), a company that manages the power plant will make a contribution of $43 million towards the expansion project.

"Only when there are real common external tariffs we will be able to take full advantage of the Agreement with the European Union."

It is still important to keep this issue in mind. This was the warning given by the head of the EU mission in El Salvador, Stefano Gatto, who recalls that the full force of the Agreement with the European Union is contingent upon the existence of a common external tariff by all signatory countries.